NEWS

Foreign Direct Investment (FDI) realization reached Rp204.4 trillion in the first quarter of 2024 or increasing by 15.5% annually (yoy) and 10.9% quarterly (qoq). This realization covered 50.9% of the total FDI realization of Rp401.5 trillion. On the other hand, Domestic Direct Investment (DDI) reac... [read more]

The construction progress of the first batch of Nusantara Capital City (IKN) for the first phase of relocation in 2024 has reached 80%. The Head of the Infrastructure Construction Task Force in IKN Danis H. Suamdilaa stated that currently the construction is focused on completing the supporting infr... [read more]

Pakuwon Group has officially topped off three towers in its Pakuwon Residence Bekasi project in Bekasi, West Java on Saturday (27th April). The three towers comprise Amor, Bela and C Towers. Meanwhile, the handover of Amor Tower in the project is planned to start by the end of this year. Meanwhile,... [read more]

PT Pantai Indah Kapuk Dua Tbk. (PANI), the developer of Pantai Indah Kapuk 2 (PIK), North Jakarta achieved Rp1.5 trillion in marketing sales in the first quarter of 2024 or equal to 27% of the total targeted marketing sales for2024 of Rp5.5 trillion. The increase was mainly driven by the PANI’s acqu... [read more]

The Bank of Indonesia (BI) raised its key interest rate, BI Rate by 25 basis points (bps) to 6.25% in April 2024. This is the first increase by the central bank since October 2023. The deposit facility and lending facility were also increased by 25 bps to 5.5% and 7%, respectively.  [read more]